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About This Home

This 0-bedroom, 0-bathroom commercial at 703 S 8TH Street in Springfield, IL is listed for $89,500. Built in 1864, on a 0.28 acres lot.

Agent Description

BACK ON THE MARKET DUE TO NO FAULT OF THE SELLER - OFFER WHILE YOU CAN! ATTENTION INVESTORS: Historic Dr. Henry Wohlgemuth House - ca. 1864. Located just one block from Lincoln's Home and the Elijah Iles House, this stately three-story solid brick Italianate-style building offers a rare opportunity to restore a piece of Downtown Springfield's architectural history.

This grand scale structure features rich character, original charm, and massive potential. While the property is in distressed condition and will require an extensive full interior restoration and cleanout, its historic bones, prime location, and generous size make it a standout investment opportunity in Springfield's revitalizing downtown.

The main level includes two expansive units with soaring ceilings, ideal for multi-family residential or mixed-use Commercial conversion. The second floor mirrors this layout with two additional large units, while the third floor offers four efficiency rooms, the original "maid's quarters", each were previously equipped with a kitchenette and toilet-perfect for future short-term rentals, studio apartments, or flexible workspace.

A full, unfinished basement offers ample storage. Bring your vision and breathe new life into this iconic property-just steps from one of America's most treasured landmarks. Property will need a Cash buyer or strong Conventional/Construction financing. Seller is open to entertaining all reasonable offers!

Key Features

  • Built in 1864
  • 0.28 acre lot
  • 3 stories

Property Details

3 stories
1864

Monthly Cost Estimate

$479/mo

20% down · 6.5% · 30 years

Principal$65
Interest$388
Insurance$26

Estimates only. Actual payments may vary.

Location

703 S 8TH Street

Springfield, IL 62703

Property Details

Flooring

Wood

Construction

Brick Vinyl Siding

Heating

Hot Water(Heating)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 703 S 8TH Street is listed at $89,500. The estimated monthly payment is $388 based on 20% down at 6.5% interest.

Key features include: Built in 1864, 0.28 acre lot, 3 stories.

This property is listed by Crystal Germeraad and can be reached at 2176859575 or crystalcommean@gmail.com.

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CG

Crystal Germeraad

Agent at RE/MAX Professionals

(217) 685-9575

Listed by RE/MAX Professionals

MLS# CA1039673· Source: listhub· Updated 186 days ago

Copyright © 2026 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

703 S 8TH Street, Springfield, IL 62703

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